Mint.com Got An Offer It Couldn't Refuse
Mint.com CEO Aaron Patzer confirmed here at TechCrunch50 that his online personal finance company has agreed to be acquired for $170 million by Intuit. He was whisked away from the throngs shortly thereafter, but I managed to sneak a few minutes with Mark Goines, who was one of Mint.com's earlier investors. He told me that Mint management had no plans to sell the company when Intuit called and offered to buy it. After all, the company had launched only two years ago and earlier this year had raised $14 million in Series C funding at an increased valuation. Overall, the firm had raised around $31 million from groups like Benchmark Capital, DAG Ventures, First Round Capital, Shasta Ventures, Sherpalo Ventures, Felicis Ventures and Hite Capital Goines, who once ran Intuit's TurboTax and Quicken business units, said Mint.com was the best of several startups he looked at that were offering personalized money management. He said the decision to sell was
